.August 7, 2024 04:23 PM

BMO Capital analysts have adjusted Celanese’s price target to $138 from $142, maintaining a Market Perform rating. The company is facing challenges in a tough macroeconomic and operational environment, leading to further downward adjustments in 2024 forecasts. Analysts caution about 2025, suggesting market expectations may be too high without a significant recovery. However, they see an improving risk-reward profile for Celanese. BMO emphasizes the need for clarity on the 2025 outlook and a clearer path to exceeding targets before taking a more positive stance on the stock.